In accordance with the President’s initiative to reduce the use of high-risk contracting authorities, such as cost reimbursement (CR) contracts, agencies are seeking to reduce their use of CR and T&M contracts. However, the acquisition workforce, particularly Integrated Solutions Team (the individuals making up the requirements package) will need training to make this transition.

The purpose of this course is to train government personnel with the responsibility of formulating the requirement into a solicitation to be advertised for competitive award. This team will be made up of the Customer, Project Officer, Program Manager, Budget personnel, COTR, Contracting Officer/Specialist and other professionals with varying levels of experience in the development of requirements for, and monitoring, CR or T&M contractors.

This class will primarily address the use of Performance-Based methodology in using Fixed Price type contracts or hybrid contracts (contracts containing both CR and FP tasks) whichever are appropriate. We will address the transition process of what type of contract to use in the appropriate phase of the life cycle. Identifying the use of Fixed Price contracts in Concept Exploration and Research and Development to Cost Reimbursement during Initial Production and Development to Cost Plus Award or Incentive fee during production and Fixed Price or Fixed Price Award or Incentive fee during Full Production and Fielding.